In the last trading session, 17.16 million shares of the ChargePoint Holdings Inc (NYSE:CHPT) were traded, and its beta was 1.61. Most recently the company’s share price was $1.90, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $794.26M. CHPT currently trades at a discount to its 52-week high of $10.71, offering almost -463.68% off that amount. The share price’s 52-week low was $1.56, which indicates that the current value has risen by an impressive 17.89% since then. We note from ChargePoint Holdings Inc’s average daily trading volume that its 10-day average is 15.63 million shares, with the 3-month average coming to 14.98 million.
ChargePoint Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.40. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 14 recommended CHPT as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. ChargePoint Holdings Inc is expected to report earnings per share of -$0.13 for the current quarter.
ChargePoint Holdings Inc (NYSE:CHPT) trade information
The performance over the last five days has remained in the green territory. The company’s shares are currently down -18.80% year-to-date, but still up 0.53% over the last five days. On the other hand, ChargePoint Holdings Inc (NYSE:CHPT) is -4.52% down in the 30-day period. We can see from the shorts that 105.31 million shares have been sold at a short interest cover period of 7.23 day(s).
The consensus price target as assigned by Wall Street analysts is $17.56, which translates to bulls needing to increase their stock price by 89.18% from its current value. Analyst projections state that CHPT is forecast to be at a low of $2 and a high of $46.
ChargePoint Holdings Inc (CHPT) estimates and forecasts
ChargePoint Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -62.15 percent over the past six months and at a 56.96% annual growth rate that is well above the industry average of 15.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 13.30% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be 9.30%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $106.65 million in revenue for the current quarter. 15 analysts expect ChargePoint Holdings Inc to make $124.09 million in revenue for the quarter ending Jul 2024. Analysts predict that the company’s current quarter sales will drop, forecast at -16.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -149.12%.
CHPT Dividends
ChargePoint Holdings Inc’s next quarterly earnings report is expected to be released around May 28 and June 03.
ChargePoint Holdings Inc (NYSE:CHPT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.58% of ChargePoint Holdings Inc shares, and 47.48% of them are in the hands of institutional investors. The stock currently has a share float of 48.74%. ChargePoint Holdings Inc stock is held by 480 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 7.18% of the shares, which is about 25.84 million shares worth $227.1 million.
Linse Capital Llc, with 4.32% or 15.55 million shares worth $136.64 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 9.07 million shares worth $79.72 million, making up 2.52% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 7.29 million shares worth around $64.1 million, which represents about 2.03% of the total shares outstanding.
